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Much better to see the assets of the Super-Rich go up in flames, rather than see the rest of us go down in flames.
fringe thinking a resultant from pressure of situation???

should i remind you that in 1948 our national debt stood at 125% GDP but after 25-30 years we brought it down to pre-war levels. the wealthy did indeed endure very high marginal tax rates but were not taxed into oblivion. while the current situation can not be adequately compared to that we are approaching difficult times. The economy is an organic intangible which morphs with each new need of the market. I see a long term plan of perhaps 50-60 years to bring the national debt into focus. Obviously just as the CBO scores plans if the economic scenery changes so does the plan i.e. short term if the economy improves revenues may increase which with appropriate budgetary cuts would bring the budget under control, long term debt relief will suffer from items which outstrip inflation and that has to be of short term concern if the fed doesn't address monetary policy appropriately, etc.